Cohesion and Regional Policies in the European Union

In 2004 the European Union’s cohesion policy entered into its fifteenth year of existence. Since its inception in 1989, the policy has covered a significant part of the European Union (EU) member states’ territory and population. What distinguishes the EU’s cohesion policy from regional development policies undertaken by national governments in Europe and the regional policy implemented by the Community before 1989 is that it represents a revolutionary change in the way development policies are conceived and carried out. While previous regional policy concentrated extensively on the role of the national administrative system or specialized development agencies in the implementation of projects, the present approach is characterized by an extensive involvement of different administrative levels and socio-economic groups in the formulation and implementation of the policy. The other elements that distinguish EU cohesion policy are the planning and implementation components that have been part of the policy from the very beginning, such as, quantified objectives (reducing regional disparities, restructuring regional economies, creating jobs, and stimulating private investment), a legal European framework, 1 a specific policy structure (multi-annual planning documents and operational programmes), multi-annual budgets, five specific financial instruments (four Structural Funds 2 and the Cohesion Fund) and a multi-level and multi-subject form of interaction in the formulation of decisions and implementation of programmes and projects. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.